Sprague Resources announced that Gary Rinaldi will be retiring from his position as senior VP, COO and CFO of its General Partner. Rinaldi will remain with Sprague until December 31 to assist with the transition of his responsibilities. Sprague also announced that David Long will replace Rinaldi as CFO of its General Partner. Long will join Sprague on December 3 and will assume the role of CFO on January 1, 2019. The General Partner does not intend to appoint a successor COO; CEO David Glendon will assume the responsibilities of the COO role.

Sprague Resources announced today that John Moore is retiring from his position as Vice President, Chief Accounting Officer of its General Partner, a position he has held since 2011. Mr. Moore will remain with Sprague until August 9 to assist with the transition of his responsibilities. "I would like to thank John for his twenty years of outstanding service at Sprague," said Gary Rinaldi, Chief Operating Officer and Chief Financial Officer. "John embodies Sprague's culture and values, and has been an instrumental part of our partnership's growth and success over the years, and will leave a lasting impression on our organization. We are deeply indebted to John and wish him happiness in the next phase of his life."

Sprague Resources announced that John W. Moore is retiring from his position as Vice President, Chief Accounting Officer of its General Partner, a position he has held since 2011. Moore will remain with Sprague until August 9 to assist with the transition of his responsibilities. Sprague also announced that R.J. Kory Arthur will replace Moore as Vice President, Chief Accounting Officer of its General Partner. Arthur has been with Sprague for 10 years. His responsibilities have included Internal Audit, Investor Relations and Credit, in addition to serving as Assistant Treasurer. Prior to joining Sprague, Mr. Arthur worked in public accounting at Deloitte and he has held various senior financial and commercial management positions at Irving Oil and World Fuel Services.

Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Incyte (INCY) downgraded to Neutral from Buy at Guggenheim and to Market Perform from Outperform at William Blair. 2. Ormat Technologies (ORA) downgraded to Perform from Outperform at Oppenheimer with analyst Noah Kaye citing valuation. 3. Sprague Resources (SRLP) downgraded to Underweight from Neutral at JPMorgan with analyst Andrew Burd citing the stock's year-to-date outperformance for the downgrade. 4. Banc of California (BANC) downgraded to Underperform from Neutral at BofA/Merrill with analyst Ebrahim Poonwala saying the company's new management team is working towards achieving its long-term strategic targets but is cautious on elevated execution risk given the balance sheet overhaul and lower quality deposit base. 5. Xilinx (XLNX) downgraded to Underweight from Neutral at JPMorgan with analyst Harlan Sur saying he believes multiple compression is likely with basestation deployment in China likely to decline in 2018. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.